ULDD Phase 2 Tips and News

This year we will implement ULDD Phase 2. Remember – you must begin collecting the ULDD Phase 2 data points for all loans with Application Received Dates on or after March 1, 2014, and delivered to Freddie Mac on or after August 25, 2014. Please review the following to help you prepare:

Prepare for the transition: The Freddie Mac ULDD transition period is May 19 to August 25, 2014. During this time, you may deliver the applicable Phase 2 data points by manual entry or data import. If you choose to deliver any Phase 2 data points before August 25, the selling system will expect all applicable Phase 2 data points, and the loan will be validated against the Phase 2 requirements.

Talk to your vendor: Using a software vendor to import your loan data? Talk to your vendor now and find out when their software updates will be available.

Update your customized export files: If your customized exports contain any Phase 1 Optional data points that are not being activated in Phase 2, you will need to remove them from the export file when the selling system is updated for ULDD Phase 2 on May 19, 2014. You will be able to add the Phase 2 data points to your customized datasets beginning May 19, 2014. For help, review our job aids: Modify a Customized Export Data Set and Export Your Loan Data.

Selling System Enhancements

As part of our ongoing commitment to improve your experience using the Freddie Mac selling system, we will make the following system enhancements on March 3, 2014:

Relocate the Cash Adjustor for Freddie Mac Relief Refinance MortgagesSM within the selling system. You will be able to access the adjustor from the Freddie Mac Price Sheet results screen and the Take Out Cash Contract screen. Placement on these screens will allow you to access the adjustor as you take out a cash contract or view cash pricing.

Enable export of Servicing Buyer loan numbers for loans sold through the Servicing Released Sales Process. Including the servicing buyer assigned loan number will help facilitate your transfer process to the Servicing Buyer. With this change you will be able to easily track your borrower’s loan with the Servicing Buyer.

Take advantage of the Selling System Updates 1st Quarter 2014, a recorded tutorial that will guide you through these changes. You will be able to access the tutorial beginning March 3, 2014, by visiting the Learning Center Updates page and selecting the Selling & Delivery tab.